Uniroyal Global Engineered Products Inc. Further Reduces its Carbon Footprint by Implementing Energy Efficient Upgrades to North American Manufacturing Plant
Sarasota, Florida, July 28, 2016, Uniroyal Global Engineered Products, Inc. (OTCQB: UNIR or the “Company”) upgraded the lighting infrastructure to more energy efficient LED lighting in its North American manufacturing plant located in Stoughton, Wisconsin. The Stoughton plant manufactures Uniroyal Global’s Naugahyde®, automotive and custom/specialty vinyl-coated fabric products. Utilizing an incentive from Focus on Energy, Wisconsin’s statewide program for energy efficiency and renewable energy, the company implemented 575 LED light fixtures within the manufacturing plant’s production floor and warehouse. This lighting project entailed upgrading older light fixtures to LED technology and installing new LED light fixtures with occupancy motion detectors that dim or switch off lights when workers are not present. The lighting project is expected to save a total of 607,706 kilowatt hours in electricity and reduce its annual energy costs.
“With the new LED lighting, we’ve improved task lighting in key production areas, and are seeing a reduction in both energy consumption and related utility costs”, said Jim Recob, Plant Manager. The LED lighting project is one initiative within an overall strategy to invest in energy efficient manufacturing technologies that reduce the environmental impact of manufacturing operations. “This LED technology upgrade represents our commitment to lean manufacturing and energy efficiency while at the same time reducing our carbon footprint”, added Howard F. Curd, President.
About Uniroyal Global Engineered Products, Inc.:
Uniroyal Global Engineered Products, Inc. (UNIR) is a leading manufacturer of vinyl coated fabrics that are durable, stain resistant, cost-effective alternatives to leather, cloth and other synthetic fabric coverings. Uniroyal Global Engineered Products, Inc.’s revenue in 2015 was derived 65% from the automotive industry and approximately 35% from the recreational, industrial, indoor and outdoor furnishings, hospitality and health care markets. Our primary brands names include Naugahyde®, BeautyGard®, Flameblocker™, Spirit Millennium®, Ambla®, Amblon®, Velbex®, Cirroflex®, Plastolene® and Vynide®.
Except for statements of historical fact, certain information contained in this press release constitutes forward-looking statements, including, without limitation, statements containing the words “believe,” “expect,” “anticipate,” “intend, “should,” “planned,” “estimated” and “potential” and words of similar import, as well as all references to the future. These forward-looking statements are based on Uniroyal Global Engineered Products, Inc.’s current expectations. The Company cautions investors that any forward-looking statements made by the Company are not guarantees of future performance and that a variety of factors could cause the Company´s actual results and experience to differ materially from the anticipated results or other expectations expressed in the Company´s forward-looking statements. The risks and uncertainties which may affect the operations, performance, development and results of the Company´s business include, but are not limited to, the following: uncertainties relating to economic conditions, uncertainties relating to customer plans and commitments, the pricing and availability of equipment, materials and inventories, technological developments, performance issues with suppliers, economic growth, delays in testing of new products, the Company’s ability to successfully integrate acquired operations, the Company’s dependence on key personnel, the Company’s ability to protect its intellectual property rights, the effectiveness of cost-reduction plans, rapid technology changes and the highly competitive environment in which the Company operates. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made.
Uniroyal Global Engineered Products, Inc. Corporate Contact:
Elizabeth Henson; telephone: 941-870-3950; email: LHenson@uniroyalglobal.com
Uniroyal Global Engineered Products, Inc. Public Relations:
Vic Allgeier; TTC Group, Inc.; telephone: 646-290-6400; email: firstname.lastname@example.org